US resident want to invest in UK LLP

US resident want to invest in UK LLP

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A US resident would like to invest in our new business which is registered in the UK as a LLP.

It is better if the US resident sets up a LLC in the USA and then join the UK LLP as a corporate member. In this scenario does this LLC have to register in the UK again as a overseas company before becoming a corporate member of the uk LLP or can the US LLC become a corporate member of a UK registered LLP that solely trades in the United Kingdom with a fixed premises in UK.

Any help or advise is appreciated

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By David Treitel
04th Oct 2014 16:53

A UK LLP is a body corporate. This kind of entity is opaque for US tax purposes, but generally speaking transparent for UK tax purposes. Is a check the box election envisaged?

Kind regards

David Treitel | Managing Director | American Tax Returns Ltd

The Old Exchange, 12 Compton Road, London, SW19 7QD

Tel: 020 3542 6330

Email: [email protected]

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